By OnMilwaukee Staff Writers   Published Jul 26, 2006 at 1:59 PM

Liberty Media Corporation (Nasdaq: LCAPA, LINTA) ("Liberty") announced today that it has entered into an agreement to acquire local (New Berlin-based) company Buyseasons, Inc., the operator of online costume retailer BuyCostumes.com. BuyCostumes.com is the world's largest online-only retailer of costumes and accessories, catering to Halloween enthusiasts, theater groups, performers, children and adults. Terms of the acquisition were not disclosed.

"Buyseasons, Inc., with their strong financial position and exemplary commitment to customer service, has emerged as the industry leader in online-only costume sales and has also recently launched a fast-growing party supply business. We are thrilled to welcome the leaders and employees of Buyseasonsinto the Liberty family and we look forward to generating growth through the collaboration between Buyseasons and Liberty's other interactive companies such as QVC," said Michael Zeisser, senior vice president of Liberty Media. Mr. Zeisser added, "As with Provide Commerce, operator of ProFlowers, Secret Spoon, and Uptown Prime, which we acquired in February, we believe in the power of video to drive television and web-based retailing businesses. Buyseasons is a compelling addition to our strategy."

"The Liberty culture and structure allows Buyseasons to maintain an independent and entrepreneurial environment while being able to tap into the knowledge, experience and resources of Liberty's other Interactive brands," said Buyseasons CEO Jalem Getz. "This puts Buyseasonsat a distinct competitive advantage over other Internet based costume and party retailers".

The proposed transaction is expected to close during the third quarter of 2006, subject to certain closing conditions. Once the transaction is completed Liberty will attribute Buyseasons to its Liberty Interactive tracking stock group. Pacific Crest and Foley & Lardner LLP served as financial and legal advisors to Buyseasons.